Review of Degiro

Degiro began life as a wholesale stock broker but is now one of the lowest fee retail stock exchanges in Europe. It is available to customers in 18 European countries and offers its users access to global markets across the world.
By: Theodor Tonca
Theodor Tonca
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not… read more.
Updated: Jun 4, 2021
4/5 Star rating
9 min read
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Degiro is a stock trading platform that’s easy to use and provides its users a vast amount of information and options. There are lots of different ways to trade on Degiro and the platform provides things like streaming quotes and market news to help you make better investment decisions.

Pros & Cons

Pros:

Low trading fees
No minimum deposit required
Segregated client funds

Cons:

What can I do with Degiro?

You can trade a wide array of assets on Degiro, from shares and ETFs to options and futures contracts. It offers a high quality trading platform along with low commissions on stocks listed on all the major exchanges, including Australia and Tokyo.

There are a few different account types on Degiro, most notably a day trader account for the most active traders. That flexibility extends to how easy it is to use and the fact its available both on web and through a mobile app.

Degiro markets, assets, and options

What assets and products can you trade on Degiro?

Degiro gives you access to 30 stock exchanges around the world, including popular markets in Europe and the US and many of the leading stocks in the world, like Amazon, Google, and Tesla.

Although you cannot trade cryptocurrencies directly, Degiro allows you to do so through ETNs. An ETN is an exchange-traded note that tracks the performance of a market or asset. You can trade Bitcoin and Ethereum ETNs through Degiro and also own other cryptocurrencies through the same notes.

ProductOffering
CryptocurrencyOnly through ETNs (Bitcoin, Ethereum)
Stocks900
ETFs5,400
Futures12
Options1,000
See all products >

What leverage trading options are there?

The maximum leverage ratio available is 300x and is reserved only for active professional traders. This is fairly standard among traditional online brokers.

Trading with leverage carries with it an additional layer of risk and you should employ leverage with extreme caution. We do not recommend it at all for beginners and advise that you think carefully before using it at all.

ProductMaximum leverageMargin
CryptocurrencyNo leveraged trading option
Stocks1:3000.03%
ETFs1:3000.03%
Futures1:3000.03%
Options1:3000.03%
See all leverage options >

What are the spreads?

Instead of spreads, Degiro charges low fixed commissions on each trade that starts at CHF 0.50 per trade and goes up from there depending on the asset being traded.

Fees, limits, and payment options on Degiro

What are the deposit and withdrawal fees, limits, and speeds?

One of the best parts of trading with Degiro is that there is no minimum deposit required. Also, Degiro does not charge any withdrawal or deposit fees. But like with many online day trading platforms, you are only allowed to withdraw your money via a bank transfer.

Payment methodDepositWithdraw
Bank Transfer
– min/max
– fees
– speed
Yes
$0/N/A
0%
1-2 business days
Yes
N/A
0%
3-4 business days
SOFORT
– min/max
– fees
– speed
Yes
$0/N/A
0.9%+€0.25
Instant
Yes
N/A
0.9%+€0.25
24 hours
See all payment options >

How much are Degiro’s fees and commissions?

Degiro doesn’t charge any direct fees for depositing or withdrawing funds but does charge fees on each trade. These vary depending on the asset you trade and, by comparison to other similar exchanges, can be up to 99% smaller. 

There is also no inactivity fee when trading with Degiro. 

Fee typeFee amountCommission
StocksCHF 0.50N/A
ETFsCHF 0.00
OptionsCHF 0.80
FuturesCHF 0.80
See full fee structure >

Degiro trade sizes and limits

There isn’t a maximum trade limit imposed by Degiro, but the minimum trade size should be worth at least CHF 1.00, no matter how many shares/units you are trading.

ProductMinimum tradeMaximum trade
StocksCHF 1.00N/A
ETFsCHF 1.00N/A
OptionsCHF 1.00N/A
FuturesCHF 1.00N/A
See all trading limits >

Degiro trading platform

What devices can I use Degiro on?

Degiro is available both as an online platform and a mobile app for those who want to take their trading everywhere they go. At the moment, the broker doesn’t offer a desktop version. You can use Degiro on:

  • PC
  • Tablet
  • Android mobile devices
  • iOS mobile devices

Can I use Degiro in my country?

Degiro is currently available in 18 European countries, including the United Kingdom, Spain, Germany, and France. Select your country from the list below to see if it is available to you.

Is Degiro available in my language?

Degiro’s main website is available in English but you can find a full translated version of the website in other 15 languages as well. Select your language from the list below.

How easy is it to use Degiro?

Degiro’s proprietary trading platform is designed with functionality in mind, to allow you to trade quickly and easily regardless of where you are.

It’s trading platform is web-based with a complete mobile version for both Android and iOS devices that comes equipped with a QuickOrder button at the top of your dashboard for fast trades, real-time streaming prices for the major European markets and US exchanges, and a bid/order book with a depth of 5 levels.

Overall, both versions of the Degiro trading platform are easy to use and intuitive, providing all the necessary features and tools for both beginners and professional traders alike.

Key features

With more than 600,000 clients in over 18 countries, Degiro is one of the most popular trading platforms in Europe. Here are some of their strong points:

Access to global markets

Degiro gives you direct to market access to more than 50 exchanges around the world, from the NASDAQ, NYSE, and TSX in North America to the ASX and Tokyo exchanges in Asia & Oceania, and every single major European exchange.

QuickOrder button

Complete all your buy orders faster with the QuickOrder button found at the top of your dashboard. This will bring up a trade box where you simply need to enter your order type, the quantity, order duration, and click the order button.

Favorites list

Build a complete watchlist of all the stocks you are interested in to easily keep track of their prices. This will make your future entry points a whole lot easier.

Security and regulation

Is Degiro safe?

Degiro uses a separate custodian to hold its clients’ assets, which means they are 100% segregated from the assets of Degiro. All money DEGIRO receives from you is immediately invested (based on a standing order) in a Money Market Fund.

Degiro also offers standard Two Factor Authentication (2FA).

Am I and my funds protected?

Degiro offers 100% protection for your funds. In the unlikely case Degiro goes bankrupt, you should know that none of your assets are held directly by the broker. They are held by a third-party separate legal entity (SPV), completely segregated from Degiro, which offers full access to your funds whenever needed. 

The investment protection feature is available for the customers for up to €20,000. 

Is Degiro regulated?

Yes, Degiro is supervised by the Netherlands Authority for the Financial Markets (AFM) and is under the supervision of the Dutch Central Bank (DCB). It is also registered with the United Kingdom’s Financial Conduct Authority (FCA).

Do I have to verify my account with Degiro?

Yes, Degiro follows a KYC (Know Your Client) policy that requires all clients to submit personal information, including proof of residence and a valid photo ID, to be able to trade on the platform. However, all the information remains confidential and falls under the European Union’s data protection regulations. 

Extra information

Educational resources 

Degiro offers very limited educational resources in its Help Centre section, which leaves much to be desired. The resources that are available are strictly confined to technical FAQs and some documents on topics such as taxation and money transfers.

Tools and charting

Degiro’s charting features lack advanced data and are very simple. However, what it lacks in charting, it makes up for with over 20 technical indicators, real-time streaming quotes, and orders by number of stocks, as well as by the order value

Customer support

The customer support at Degiro is considered to be average overall, based on clients’ online reviews. It doesn’t offer a 24/7 live chat option, but you can contact the support team via phone or email and they respond fairly quickly to your inquiries (although the latter is highly encouraged at this time due to COVID-19 measures).

Our verdict

Degiro represents the perfect choice for traders who want a simple platform with access to over 50 major stock exchanges around the world, and the added advantage of minimal fees. 

Opening an account is a fast task, with new traders typically being able to have their account verified and ready to trade in a single day. Once online, the proprietary trading platform is available anywhere, anytime and comes with a host of features from portfolio access, to streaming quotes, market news, and quick order capabilities.

Apart from the complete lack of educational resources, Degiro is a multi-award winning broker that deserves a serious look from traders and investors that want to diversify their assets.

How to open an account with Degiro

  1. Enter your email, name and choose a password
  2. Once you have verified your email, you will be asked to also verify your identity by uploading a valid photo ID and a secondary piece of ID with your current residential address. 
  3. Once your documentation is verified, enter your bank account details from which you will fund your account
  4. After the initial registration, you will need to complete a few more steps to activate your account and start trading by completing an appropriateness test and agreeing to the conditions for real-time prices
  5. Transfer money to your account and start trading!

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial analyst
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.

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